Hello all: Here's an update to my original thread from August 2013. http://www.early-retirement.org/forums/f26/am-i-ready-67853.html I did leave my 25 year corporate job at the end of 2013, and had planned to semi-retire to a hobby job. Within a few months however, I took a work-at-home position in my previous industry that was full time but with a lot of flexibility to set my own schedule. For a while it was exciting, then tolerable, but in the end it has escalated to much of the same BS, with the politics, quotas, travel and reports. I guess I've had a classic case of OMY syndrome. At this point I’m seriously ready to pull the plug and will give notice on June 5th. I’m still debating whether to give the minimum 2 weeks notice or offer stay on another 1-2 months to help with the transition.
Our investments have increased from $2.3 to 3.1M and I’ve got a better handle on our annual expenses which should fall in the 3-3.3% range. This excludes SS which will give us another $40K at 62 or $70K at 70. For insurance, DW and I will use COBRA through the end of this year ($1300/mo), then explore what other options are available starting next year. Our only son graduated from college this year and has some job prospects, but we may also need to cover his health insurance for a while (another $500/mo through COBRA).
Firecalc and Fidelity both say we’re good with some buffer room so I’m feeling pretty confident this time, but still worry about the current peaking market and a prolonged downturn. I guess that’s the risk you learn to live with using a 60/40 portfolio.
This time, I’m going to resist the temptation to jump into something new. Hopefully I can just chill out for a while and get adjusted. I still hope to find something part time to keep me occupied, but I won’t rush into anything.
Thanks again to everyone on this site for their support and inspiration. It’s really helped get through the last few years.
Our investments have increased from $2.3 to 3.1M and I’ve got a better handle on our annual expenses which should fall in the 3-3.3% range. This excludes SS which will give us another $40K at 62 or $70K at 70. For insurance, DW and I will use COBRA through the end of this year ($1300/mo), then explore what other options are available starting next year. Our only son graduated from college this year and has some job prospects, but we may also need to cover his health insurance for a while (another $500/mo through COBRA).
Firecalc and Fidelity both say we’re good with some buffer room so I’m feeling pretty confident this time, but still worry about the current peaking market and a prolonged downturn. I guess that’s the risk you learn to live with using a 60/40 portfolio.
This time, I’m going to resist the temptation to jump into something new. Hopefully I can just chill out for a while and get adjusted. I still hope to find something part time to keep me occupied, but I won’t rush into anything.
Thanks again to everyone on this site for their support and inspiration. It’s really helped get through the last few years.
